Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions. In the process of pricing a home, comparing it to other similar-sized properties is essential.

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Real Estate Agent Law Real Estate Bracketing 92

Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Birmingham Appraisal

MARCH 26, 2024

This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. They wanted to know if it was okay to use new construction sales in an appraisal of an older home. Appraisal Process To answer this it’s important to understand the appraisal process.

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Construction Appraisal Appraisal Process Bracketing 79

Birmingham Appraisal

MARCH 26, 2024

This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process. Appraisal Process To answer this it’s important to understand the appraisal process.

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Construction Appraisal Process Appraisal Bracketing 88

McKissock

FEBRUARY 15, 2022

Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022. In this post, I discuss how I got the first copy, why I adopted it way back then, and why I recommend that all appraisers consider taking a course on the ANSI Z765 measuring standard. The Appraisal Foundation.

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Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. If you have any questions feel free to contact me, I’d be glad to speak with you.

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Market Value Agents Appraisal Bracketing 93

Birmingham Appraisal

SEPTEMBER 26, 2023

On the other hand, the value that is reflected in most appraisals is a value that reflects what the majority of other market participants are willing to pay. Appraisal Challenges: Listings that were priced using outlier sales can pose challenges during the appraisal process. There is a difference.

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Birmingham Appraisal

FEBRUARY 6, 2024

In appraising we analyze the competitive market area that our property is located in and when discussing housing stats it’s important to study the housing numbers at the same level. The Alabama Center for Real Estate provides helpful charts and statistics from data it gets from The Alabama Association of Realtors.

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Lamacchia Realty

JANUARY 10, 2022

The first line of defense is hiring an experienced REALTOR® who is an expert at handling the complexities of multiple offers. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. This is different than the appraised value which, these days as prices rise, can be lower than list price.

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Lamacchia Realty

MARCH 12, 2024

The first line of defense is hiring a REALTOR® who is experienced in handling the complexities of multiple offers in this adjusting market with higher rates. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

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Inspection Buyers Sellers Real Estate 74

Lamacchia Realty

FEBRUARY 22, 2023

The first line of defense is hiring an experienced REALTOR® who is an expert at handling the complexities of multiple offers in this adjusting market with higher rates. Consider writing into the offer that you’ll purchase the property regardless of the appraised value. Real estate is a long game.

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Inspection Buyers Sellers Bracketing 41

Housing Wire

NOVEMBER 22, 2024

If one would normally pay 20% based upon their tax bracket, they will pay 10% instead. Today, it is $404,500, per the National Association of REALTORS. What if, for a window of time, the United States reduced the capital gains tax on the sale of investment properties by half? Under this plan, that would drop to 7.5%.

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